A Growing Market for Endpoint Security

Every time you connect your computer or phone to public WIFI or leave it unlocked, all data, connections, and systems are put in jeopardy of being exploited by cyber criminals. The protection of these “Endpoints” and networks have created a new market, generating enormous spending around the globe.

Enter endpoint security, a methodology of protecting the corporate network when accessed via an endpoint. This system has grown into a multi billion dollar industry over the past few years. The virtual private network (VPN) and approved operating systems otherwise trusted for secure communication need to be protected with proper software and hardware to ensure access, information, and network security are protected. One of the foundations to operating a dependable business and network, the endpoint security market is set to reach $27.05 billion by 2024. With the evolution of BYOD (Bring Your Own Device) policies and mobile devices, that number is expected to rise continuously.

Meanwhile, overall U.S. federal spending in security is estimated to grow to $36.9 billion by the end of this year. Not only that, the United States will be the largest market for security products, while global spending for security software and services reaches $81.7 billion.

This budget is not just to protect businesses, it is a matter of national security. Reasons for this investment include an escalating number and severity of cyber attacks, developing computing power and big data, the emergence of innovative tools and approaches, and the recent surge of more cost-effective technologies. As the government executes this tech, they place restrictions on the procurement process to ensure all products touching the network are 1.) secure, and 2.) play well with others. Implementing new technology into a secured environment could have devastating effects if all components are not hardened to meet existing security standards.

These restrictions come in the form of security certifications, notably FIPS 140-2, Common Criteria, and listing on the DoD’s APL. These are crucial to mitigating risk upon purchasing IT software and hardware so that the U.S. government and its customers can rest assured that sensitive data and information is secure. Getting through these certifications can be a pain staking process and time consuming if not done properly. As you begin to evaluate your security posture and certification strategy, make sure you have the adequate resources and expertise to complete the job the first time through, avoiding costly re-work that could delay your projects and business goals.

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